A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.

44 comments:

Hahaha! Yeah, Costa Mesa is a joke. It's being overrun by the Mexican hordes but there are still yuppies that have bought homes there that think they're living in Newport Beach. If you want to find a derelict home with Mexican neighbors and the price tag of a Newport family home then Costa Mesa is the place to go!

I was trying to get a sales history but couldn't find so went to zillow and they still show at $649K - it's only 2 bedrooms. Nice kitchen though - the picture they had avoided showing the gate that clearly you need for security

It'a all coming way down, especially here along the Southern Ca. coastal cities where prices skyrocketted the highest, way out of reach of most annual salaries - Huntington Beach, Belmont Shore, Seal Beach, etc...

Those who can still afford the monthly mortgage payments and wish to "move-up" , will be stuck in their houses much longer than they had hoped - besides, paying on a depreciating asset definitely hurts.

Until credit loosens up and housing prices are lowered by a realistic 40% to 50%, very few will be qualifying for the initial down payment - where they have to put in their own cash.

The longer housing prices stay propped up artifically high, the harder the crash will be.

ORANGE - A woman is believed to have committed suicide by jumping off of a seven-to-eight story parking structure Monday afternoon.

The incident was reported about 1:15 p.m. after a woman was seen falling from the structure next to the Ameriquest Mortgage Company building at 784 Lawson Way, near Town and Country Road, said Orange Police Sgt. Sean O'Toole.

The unidentified woman landed on a driveway below and was pronounced dead at the scene.

In Vancouver Canada, the idiocity is still going strong and the original 1,099,000 pricetag of that place in sunny California can get you this beautiful home.

http://images.mls.ca/listings/reb89/highres/6/v694666_1.jpg

This isn't downtown, or in the rich neighbourhood. This is the biggest bubble ever. I don't think anywhere in the US got close to as stupid as here; considering the average household income is around 60k and the average house is pushing 900k. This is for the entire city (greater vancouver), not an upscale neighbourhood.

I lived 5 doors down until divorce in 1998, Ex got the house. My old place with 4 bedrooms, 2 BA, was $285K in 1990. It's an excellent neighborhood but the house isn't worth 500-600K. The gate is "decorative" but everyone on the block hates it. You can get better, newer in Irvine. I happily rent at the moment with 6 figure savings and 6 figure income while the Ex watches her equity dwindle. And you say there is no God..

The problem with this country is not the immigrants, at least they work. The problem is the trailer park white trash who live on welfare but somehow think they are better than the Mexicans busting their ass to make a buck every day. Deport the white trash and let the Mexicans in, at least they work for a living.